Playa Vista, Calif., April 12th, 2018 — Hyperloop Transportation Technologies (HyperloopTT) announced today the arrival of the first set of tubes designed to move both people and freight to their research and development centre in Toulouse, France.

With an interior diameter of 4.0 meters, the system is optimized both for passenger capsules and shipping containers. The first phase includes a closed 320-meter system that will be operational this year. In addition, a second full-scale system of 1 km elevated by pylons at a height of 5.8 meters will be completed in 2019.

Both systems are fully upgradeable and will be utilized by both HyperloopTT and partner companies. The full-scale passenger capsule, currently near completion at Carbures in Spain, is scheduled for delivery to the facility this summer for assembly and integration.

“Five years ago we set out to solve transportation’s most pressing problems; efficiency, comfort and speed. Today we take an important step forward to begin to achieve that goal,” said HyperloopTT CEO Dirk Ahlborn. “Hyperloop is more than just displays of rapid acceleration and more than just breaking speed records. The real opportunity is to create an efficient and safe system with an unparalleled passenger experience.”

“Building in full-scale means we’re committed to innovation in the long-term,” said Bibop Gresta, HyperloopTT Chairman. “We’ve pioneered the technology, proved feasible and insurable by the world’s largest reinsurance company, Munich RE.  We have agreements in place in nine countries where we’re working on feasibility and regulations. We have a research centre for freight and logistics in Brazil and a facility in Toulouse where we’ll deliver the first full-scale passenger capsule. Hyperloop is no longer a concept; it has become a commercial industry.”

Additional details for a public unveiling of the facility in 2018 and prototype track will be forthcoming.

Hyperloop Transportation Technologies Inc. (HyperloopTT | HTT) is an innovative transportation and technology company focused on realizing the Hyperloop, a system that moves people and goods at unprecedented speeds safely, efficiently, and sustainably.

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Through the use of unique, patented technology and an advanced business model of lean collaboration, open innovation and integrated partnership, HyperloopTT is creating and licensing technologies.

Founded in 2013, HyperloopTT is a global team comprised of more than 800 engineers, creatives and technologists in 52 multidisciplinary teams, with 40 corporate and university partners.

Headquartered in Los Angeles, CA, HyperloopTT has offices in Abu Dhabi and Dubai, UAE; Bratislava, Slovakia; Toulouse, France; Contagem, Brazil; and Barcelona, Spain. HyperloopTT has signed agreements in the United States, Slovakia, Abu Dhabi, the Czech Republic, France, India, Indonesia, Brazil and Korea.

HyperloopTT is led by co-founders Dirk Ahlborn (CEO) and Bibop Gresta (Chairman) and a senior management team of experienced entrepreneurs and professionals.

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